Seafarer Protection to be Enhanced by New MLC Regulations
At the 103rd International Labour Conference, the International Labour Organization (ILO) has, with a staggering majority, adopted new provisions on the protection of abandoned seafarers and seafarers who have been injured in occupational accidents, informs the Danish Maritime Authority (DMA). DMA explains that the new regulations are, inter alia, intended to ensure financial security when a seafarer…
Arctic Circle Graduation Ceremony Aboard Cutter Healy
Two Stanford University students embarked on US Coast Guard Cutter 'Healy' in support of the 'Study of Under-Ice Blooms in the Chukchi Ecosystem (SUBICE)' mission were consequently unable to attend the university for the award of their degrees, which were instead conferred in a special graduation ceremony on board. Capt. John D. Reeves, Healy’s commanding officer, presided over the ceremony with Cmdr.
Gazprom files lawsuit in Stockholm arbitration for $ 4.5 bln
Gazprom filed a lawsuit in Stockholm International Arbitration Court seeking to recover USD 4.5 billion in debt from Naftogaz of Ukraine due to the company's non-compliance with obligations under Contract No. ?? dated January 19, 2009 for natural gas purchase and sale between 2009 and 2019 (Contract), as well as its considerable outstanding debt for natural gas supplied under the Contract and non-payment of current supplies.
Golden Eagle Energy Eyes Coal Mines
PT Golden Eagle Energy, a unit of Rajawali Group, plans to buy more than 51 percent shares in coal companies in either South Sumatra or East Kalimantan, worth up to about $94 million…
Rosneft President Meets DSME's CEO On Shipbuilding Cluster
On 15th of June, 2014 Rosneft President, Chairman of the Management Board Igor Sechin held talks with CEO of DSME Jae-ho Ko on establishment of a shipbuilding cluster.
Gazprom To Supply Ukraine Only With Prepaid Gas Volumes
Today at 10:00 (Moscow time), in full compliance with the effective contract, Gazprom switched Naftogaz of Ukraine to a prepayment of gas supplies. The decision was made owning to persistent non-payments by Naftogaz of Ukraine. The overdue debt of the company for the supplied Russian gas equals USD 4.458 billion: USD 1.451 billion – for November and December 2013 and USD 3.007 billion for April and May 2014. By the proforma invoice for June the payments also were not received.
ExxonMobil Receives Excellence Award At World Petroleum Congress
Industry leadership in producing liquefied natural gas (LNG) earned Exxon Mobil Corporation an Excellence Award today at the World Petroleum Congress in Moscow. ExxonMobil received the Excellence Award for Technical Development for its leadership in safety, environment and technology in the development of the global LNG industry through strong partnerships and long-term vision. “ExxonMobil’s history…
Rosneft & Zarubezhneft Seek New Opportunities on Vietnamese Shelf
On June 16th, 2014 within the frame of the World Petroleum Congress Rosneft President, Chairman of the Management Board Igor Sechin, PetroVietnam Oil Corporation President and General Director Dr.
Sydney Ports To Hike Statutory Charges
Sydney Ports has informed that it will amend the Statutory Port Charges. A 9.64% increase in Statutory Charges for Navigation Services, Pilotage and Site Occupation for Non-Passenger Vessels will come into effect for all commercial ships and related cargo arriving at Sydney ports (Gore Bay, Port Botany and Kurnell) from 1 July 2014. Sydney Ports says it wrote to port users last month, notifying them of the updated charges. GAC Australia
International Festival For Business In Liverpool Begins Today
The International Festival for Business in Liverpool opens today Tuesday 17 June 2014. A major component of the 250,000-visitor International Festival for Business…
U.S. Must Answer Russia's Challenge In The Arctic - Treadwell
Russian President Vladimir Putin's Arctic expansionism is a challenge the U.S. must answer with icebreakers, ports, and territorial claims of our own, Lt. Governor Mead Treadwell said today. Treadwell spoke this morning at the 34th Annual U.S.-Russia Forum in Washington, DC, on a panel focusing on foreign policy issues between the two nations. Speaking just after Russia's Ambassador to the U.S., Sergey Kislyak…
USS Ross Arrives in Rota
The Arleigh Burke-class guided-missile destroyer USS Ross (DDG 71) arrived at Naval Station Rota, Spain to begin her forward deployment to the U.S. 6th Fleet area of operations, June 16. Ross, departed Norfolk, Va., June 3, and is the second of four Arleigh Burke-class guided-missile destroyers to be forward deployed to Rota, joining USS Donald Cook (DDG 75) which has been on station since February.
MagicEzy, AB Marine Join Forces
MagicEzy, Australian manufacturer of new 9-Second Chip Fix, Hairline Fix and Mega Fusion, has signed on with Newport, Rhode Island-based marine products distributor…
Former NASA Vessel Becomes a Training Facility
U.S. U.S. Transportation Secretary Anthony Foxx and Acting Maritime Administrator Paul “Chip” Jaenichen today visited the U.S. Merchant Marine Academy (USMMA) to celebrate the rechristening of the Academy’s new training vessel, the Kings Pointer. They were joined by Academy leadership, as well as Senator Charles Schumer and Representatives Timothy Bishop and Steve Israel. “The new Kings Pointer is…
Siemens, Mitsubishi Challenge GE with Alstom Offer
Germany's Siemens and Japan's Mitsubishi Heavy Industries presented a joint offer to France's Alstom on Monday that included 7 billion euros ($9.5 billion) in cash…
Maritime Reporter @ 75: The Daily Cartoon
Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry, with a circulation of more than 35,000 worldwide, including ship and boat owners, ship and boat builders, naval architects and marine engineers. Today Maritime Reporter heads a group of four print and 10 websites serving the global maritime, offshore and subsea sector.
Port of LA Container Volumes Up 8% in May
The Port of Los Angeles has released its May 2014 containerized cargo volumes. In May 2014, overall volumes increased 8.2 percent compared to May 2013. Total cargo for May was 689,141 Twenty-Foot Equivalent Units (TEUs). Container imports rose 7.75 percent, from 326,114 TEUs in May 2013 to 351,403 TEUs in May 2014. Exports rose 2.3 percent, from 154,904 TEUs in May 2013 to 158,473 TEUs in May 2014.
P&I Claims Increase for Bagged Rice Shipments
According to estimates, of the nearly 475m metric tons of rice produced globally in 2013, the largest producers were China (30% of the total) and India (22%). However…
Finmeccanica - Alenia Aermacchi Awarded USCG Training Contract
Finmeccanica - Alenia Aermacchi has been awarded a contract with the United States Coast Guard (USCG) to provide training services for initial cadre members who…
US Crude Oil Exports at 15-year High
Crude oil exports from the United States were 268,000 barrels per day in April, the highest in 15 years, with almost all of the oil delivered to Canada, the U.S.